▶️ Benefits To Trading & Holding Crypto Versus Stocks | EP#243

in #dtube5 months ago (edited)


While there are a few drawbacks to cryptocurrency trading and holding, there are countless benefits that stock trading and can’t offer you. Let’s go over them together.

Here are the benefits to cryptocurrency:
• You can trade cryptocurrency 24/7 without restrictions.
• Typically, the fees are negligible compared to trading on regular exchanges.
• There is no minimum purchase amount, nor do you have to have a certain amount of money to start trading.
• Many exchanges offer ways to earn free cryptocurrency or give you registration bonuses you typically cannot get with regular exchanges.
• You could spend no money whatsoever and earn cryptocurrency and then trade what you’ve earned to generate a much greater profit.
• You can buy fractions of a cryptocurrency.
• You can spend it right away.
• You can use them for various things like staking or as a utility.
• You can mine cryptocurrency should you choose to.
• Given you store your cryptocurrency off the exchange as you should, you should never be concerned with someone else restricting your access or from hackers stealing your funds.
• Cryptocurrency itself is highly secure and accurate, everything is tracked with 100% accuracy and everything is verified for integrity.
• You don’t have to pay holding fees.
• How you use the coins after is completely anonymous or can be made anonymous should you choose.
• It’s very easy to transfer compared to withdrawing or depositing a stock and is much faster.
• With decentralized exchanges, it is easily available to anyone regardless of their banking services or location (given it’s legal).
• Transactions are made significantly faster.
• You can lend your cryptocurrency.
• Price is reliant on the entire network, not the company and more accurately the current CEO (refer to Tesla and Elon) depending on the cryptocurrency, namely Bitcoin.
• You need a bank to trade on an exchange, but you don’t necessarily need a bank to trade cryptocurrency, as well as many types of accounts, have minimum holding requirements or you must pay monthly bank fees.
• You can earn cryptocurrency from hosting a node on a network.

Here are some of the drawbacks to cryptocurrency:
• Cryptocurrency is volatile.
• User error can be very costly.
• The more decentralized you go, the less support you have.

Let me know what you think about this in the comments below and don’t forget to subscribe!

👥 // SOCIAL MEDIA INFORMATION // 👥

👉 http://www.scottcbusiness.com

💲 // SUPPORT MY WORK WITH A DONATION // 💲

You can send any of the cryptocurrencies below to scottcbusiness.eth or scottcbusiness.crypto depending on the wallet you're using
🎁 ETH: 0xE0d930a0aa8e57e037D749a868ade5682a34e88e
🎁 BTC: 3BDPgp4LgzLZBQ3PD4RcLejdNWZKL1e3v5
🎁 LTC: MNjQnZ7pLQBWUSaKFoDVCpqd8bpkFmNNtw
🎁 XRP: rD9Yg5PUNjQZCA8kcJvHPrSti8A7JBMeUV

🎉 // GET STARTED WITH CRYPTO & PROTECT YOUR PRIVACY // 🎉

🦁 Try the best web browser, Brave: https://brave.com/sco076
🖥️ Protect your privacy, hide your IP and activity: https://billing.purevpn.com/aff.php?a...
🔰 Or protect yourself with NordVPN, get 70% off! Only $3.49/mo, plus you get an additional month FREE at https://nordvpn.org/scottcbusiness or use coupon code: scottcbusiness
✔ Get a crypto domain like my scottcbusiness.crypto address: https://unstoppabledomains.com/r/e2fd...
💰 Trade crypto (Canadian preference): https://coinsquare.com/register/?r=ymDGp
💸 Trade crypto: https://www.coinbase.com/join/cunnin_qv

🔐 // PROTECT YOUR CRYPTO // 🔐

🔐 Get the Ledger Nano X & Nano S here: https://shop.ledger.com/?r=4afbc8de6263
🔑 Get the SafePal S1 Wallet here: https://shop.safepal.io/products/safe...

🚀 // JOIN THE SOCIAL MEDIA BLOCKCHAIN MOVEMENT // 🚀

🔸 https://api.lbry.com/user/refer?r=rdi...
🔹 https://www.publish0x.com/?a=gl9avjgaG1
🔸 https://www.minds.com/register?referr...
🔹 https://www.bitchute.com/accounts/ref...
🔸 https://www.uptrennd.com/signup/MTY1Mg
🔹 https://partiko.app/referral/scottcbu...

🛑 // DISCLAIMERS & TRANSPARENCY // 🛑

🔺 Many of the links above are affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. I personally use these products and but I do not allow brands to dictate my message in relation to a product or service. You will always get my personal and honest opinion. Thanks a bunch, you rock! ✊


▶️ DTube
▶️ YouTube
Sort:  

Hi, @scottcbusiness!

You just got a 28.88% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.

Hi @scottcbusiness!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.636 which ranks you at #1857 across all Steem accounts.
Your rank has improved 5 places in the last three days (old rank 1862).

In our last Algorithmic Curation Round, consisting of 84 contributions, your post is ranked at #3. Congratulations!

Evaluation of your UA score:
  • Some people are already following you, keep going!
  • The readers appreciate your great work!
  • Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score!

Feel free to join our @steem-ua Discord server